Happy Wednesday!

Bitcoin is back above the $119,000 mark and that is partially due to ETFs continuing to buy like crazy. What is making them so bullish?

Donald Trump had to twist some arms yesterday to get the crypto bills passed, but it looks like that will happen today. Why were some Republicans against it?

Plus, if you’re interested in an ETF that offers investors a tactical approach to income generation through a focus on high-yielding small caps using modest leverage and options strategies, check out today’s sponsor.

TOP STORY

$600M In 1 Day: Why Are Bitcoin, Ethereum ETF Suddenly So Bullish?

As Bitcoin rebounds back to $119,000, spot Bitcoin ETFs saw a net inflow of $403 million on Jul. 15, marking the ninth consecutive day of positive flows, according to data from SoSoValue.

Spot Ethereum ETFs also recorded a net inflow of $192 million, extending their own streak to eight days.

The cumulative inflows into spot Bitcoin ETFs have now reached $53 billion, while Ethereum ETFs have gathered $5.7 billion.

The total assets under management for U.S. spot Bitcoin ETFs stand at $149.6 billion, representing 6.4% of the total Bitcoin market cap.

Why are ETFs so bullish, and how long will they keep buying?

Read the full scoop here.

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QUICK N DIRTY

Bitcoin, Ethereum, XRP, Dogecoin are rebounding on Wednesday and looking good to target the recently set highs — what is driving the markets today?

Bitcoin’s most vocal whale trader is back! The (in)famous James Wynn, who lost over $100 million last month, has reactivated his account — here’s what he’s betting on.

Dogecoin and Shiba Inu are not the best bets for the (re-emerging) ‘memecoin supercycle’. Here’s what its advocate is betting on instead.

FINTECH FOCUS

Inside Trump’s Oval Office Crypto Push: Why Did 11 Republicans Suddenly Change Their Vote?

President Donald Trump’s unexpected late-night intervention to revive stalled cryptocurrency legislation has re-energized what many in the industry see as a defining moment for digital assets in the United States.

After a failed procedural vote earlier in the day threatened the fate of three major crypto-related bills, Trump convened 11 key Republican lawmakers in the Oval Office.

By the end of the meeting, he announced that all had agreed to support the legislation in a renewed vote scheduled for the following morning.

What prompted their sudden change of mind, and what does it mean for crypto?

Read the full scoop here.

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